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Commercial Offices Coming Back, Residential Grows Stronger

by Anthony | Dec 15, 2020 | commercial real estate, COVID19, Housing, Inventory, New York CIty

As the pandemic wears on, it appears that commercial real estate agents are expecting a good part of their occupancy to return back to the city. Offices will no longer be crammed with lots of employees. Social distancing, Plexiglas and remote workers will comprise the...

Home Sales Climb in Northeast Alone

by Anthony | Nov 9, 2020 | Construction, Counsellors Title Agency, Existing Home Sales, Housing, Inventory, Real Estate News

According to the National Association of Realtors, home sales on existing homes increased in the Northeast by 2% at 27.7% annually. The Northeast’s sustained month-to-month increase was due primarily to the exodus from densely populated areas into more suburban...

Housing Shortage Shutting Out First-Time Buyers

by Anthony | Oct 23, 2020 | Inventory, Inventory Shrinkage, Real Estate News

While Low Mortgage Rates Drive Home Prices to Record Levels Everyone knows that the residential real estate market is hot; but not all buyers are happy about it. First-time buyers have less inventory to choose from than at any other time in recent memory. The...

New Home Sales Soar

by Anthony | Oct 20, 2020 | Construction, Counsellors Title Agency, Housing, Inventory, Real Estate News

Finally it appears that the construction industry is moving ahead at full steam. It was reported that new home sales grew to a new high, reaching an annual rate of 1.01 million units in August 2020. This represents a 43.2% increase from just one year ago in 2019,...

Existing Home Sales Skyrocket by 25%

by Anthony | Aug 24, 2020 | 2020 Trends, Housing, Inventory, Inventory Shrinkage, Real Estate News

July home sales surged by 24.72% year-over-year. Obviously the Chinese virus, resulting in the worldwide pandemic, held back much of the classic and traditional spring home buying season, squeezing a riot of home buyers into the market, driving transactions and higher...

Median Price Jumps Nearly 10 Percent

by Anthony | Aug 20, 2020 | 2020 Trends, Counsellors Title Agency, Housing, Inventory, Real Estate News

The National Association of Realtors reported significant strength for the national housing for the week of August 8th, 2020. Median listing prices grew at 9.9 percent over last year, another tick up in the pace of increase. Home asking price growth continues to...
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